Guideline Value for Mangalapuram & Thiruvalluvarpuram

Mangalapuram & Thiruvalluvarpuram guideline value

The current guideline value for Mangalapuram & Thiruvalluvarpuram is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Irumpuliyur village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Mangalapuram & Thiruvalluvarpuram has changed

Over the years, the guideline value for Mangalapuram & Thiruvalluvarpuram has seen significant changes. The 2007 revision recorded a value of Rs 600 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012, marking a 150% rise. However, by 2017, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, which then increased by 10% to Rs 1,650 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 175%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft, and the median value is Rs 2,200 per sq.ft. The current guideline value for Mangalapuram & Thiruvalluvarpuram is below this median.

• Mangalapuram Main Road: Rs 3,850 per sq.ft (2024)
• Mangalapuram 3-rd St: Rs 1,650 per sq.ft (2024)
• Mangalapuram 2-nd St: Rs 3,850 per sq.ft (2024)
• Mangalapuram 1-st St: Rs 1,650 per sq.ft (2024)
• Mangali Amman Nagar: Rs 2,200 per sq.ft (2024)
• Mallika nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalapuram & Thiruvalluvarpuram

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mangalapuram & Thiruvalluvarpuram?

The Sub Registrar Office that covers Mangalapuram & Thiruvalluvarpuram is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Irumpuliyur

The guideline value is a crucial factor during the registration process when buying or selling property in Irumpuliyur. It serves as the benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the necessary fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Mangalapuram & Thiruvalluvarpuram?

The current guideline value for Mangalapuram & Thiruvalluvarpuram is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting at Rs 600 per sq.ft in 2007, rising to Rs 1,500 in 2012, then dropping to Rs 1,005 in 2017, and finally reaching Rs 1,650 in 2024.

What is the median guideline value in Irumpuliyur?

The median guideline value in Irumpuliyur is Rs 2,200 per sq.ft, with Mangalapuram & Thiruvalluvarpuram's current value being below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Mangalapuram & Thiruvalluvarpuram?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Mangalapuram & Thiruvalluvarpuram, located at No.26, Mes Road, East Tambaram, Chennai-600059.